ETHUSD STRUGGLING FOR DIRECTION
The ETHUSD pair continues to struggle for direction, despite short-term buyers holding price above the symmetrical triangle pattern. Upside momentum is still lacking for Ethereum, as the broader cryptocurrency market struggles in a low volume trading environment. Buyers will need to move price above $242.00 to accelerate buying, while short-term sellers will aim to take back control below the triangle pattern.
The ETHUSD pair is only intraday bullish while trading above the triangle pattern, key resistance is found at the $230.00 and $242.00 levels.
If the ETHUSD pair trades below the triangle pattern, sellers are likely to target the $198.00 and $182.00 support levels.
The ETHUSD pair is only intraday bullish while trading above the triangle pattern, key resistance is found at the $230.00 and $242.00 levels.
If the ETHUSD pair trades below the triangle pattern, sellers are likely to target the $198.00 and $182.00 support levels.
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